Tata Steel, HCL Tech, 7 other large cap stocks surpass 20-day SMA

The stock market on August 29, 2023, witnessed notable movements among large cap stocks as several companies crossed their 20-day Simple Moving Average (SMA), indicating potential upward trends and shifts in market sentiment. Let's explore the performance of these stocks. (Data Source: StockEdge)

1. Avenue Supermarts
Avenue Supermarts crossed its 20-day SMA of 3596.9, closing at Rs 3664.35 on August 29.


2. Pidilite Industries
Pidilite Industries surpassed its 20-day SMA of 2552.5, closing at Rs 2581.95 on August 29.

3. Tata Steel
Tata Steel achieved a closing price of Rs 119.55, surpassing its 20-day SMA of 118.42 on August 29.

4. Asian Paints
Asian Paints reached a closing price of Rs 3285.7, crossing its 20-day SMA of 3256.58 on August 29.

5. Bajaj Finserv
Bajaj Finserv crossed its 20-day SMA of 1496.22, closing at Rs 1503.45 on August 29.

6. SBI Life Insurance Company
SBI Life Insurance Company achieved a closing price of Rs 1297.2, surpassing its 20-day SMA of 1295.54 on August 29.

7. Oil & Natural Gas Corporation (ONGC)
Oil & Natural Gas Corporation slightly exceeded its 20-day SMA of 175.68, closing at Rs 175.7 on August 29.

8. Samvardhana Motherson International
Samvardhana Motherson International achieved a closing price of Rs 96.45, surpassing its 20-day SMA of 96.44 on August 29.

9. HCL Technologies
HCL Technologies maintained its 20-day SMA of 1157.52, closing at Rs 1157.55 on August 29.

(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)